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Uber just made its robotaxi play โ€” with a big investment in Lucid
Business Insiderยท 2025-07-17 13:10
Core Insights - Uber is investing hundreds of millions into Lucid to develop a new robotaxi program, marking a significant move in the competitive robotaxi market [1][2] - The partnership with Nuro will provide the autonomous driving technology for the robotaxis, which will be based on Lucid's Gravity EV [1][2] - Lucid's stock price surged over 43% in pre-market trading following the announcement, while Uber's stock saw a slight increase [2] Company Plans - Uber aims to deploy a fleet of 20,000 robotaxis over the next six years, with the first prototype already operating autonomously at Nuro's Las Vegas proving grounds [3] - The robotaxi market is becoming increasingly competitive, with Waymo and Tesla also making strides in autonomous vehicle deployment [3]